AMD 1996 Annual Report Download - page 141

evidencing the subcontractor's insurance. Review of the insurance by COMPANY
shall not relieve or decrease the liability of CONTRACTOR hereunder. In the
event any Construction Work under the Contract is performed by a subcontractor,
CONTRACTOR shall be responsible for any liability directly or indirectly arising
out of the Construction Work performed under the Contract by a subcontractor, to
the extent not covered by the subcontractor's insurance but limited, however, as
provided in Section 20.1.
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21.2 CONTRACTOR'S LIABILITY INSURANCE.
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21.2.1 LIABILITY COVERAGE. CONTRACTOR shall obtain and maintain
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insurance coverage for the following claims which may arise out of the
performance of this Contract, whether resulting from CONTRACTOR'S operations or
by the operations of any subcontractor, anyone in the employ of any of them, or
by an individual or entity for whose acts they may be liable:
1. under applicable employer's liability law, bodily injury,
occupational sickness, disease or death claims of CONTRACTOR'S
employees;
2. bodily injury, sickness, disease or death claims for damages
to persons not employed by CONTRACTOR;
3. personal injury liability claims for damages directly or
indirectly related to the person's employment by CONTRACTOR or
for damages to any other person;
4. damage to or destruction of tangible property, including
claims for property other than the Construction Work itself;
5. bodily injury, death or property damage claims resulting from
motor vehicle liability in the use, maintenance or ownership of
any motor vehicle;
6. claims for bodily injury (Personenschaden), property damages
(Sachschaden) and financial losses (Vermogensschaden) arising
from Contractor's defeictve design work; and
7. claims for bodily injury and property damage (but not financial
losses) arising out of tortious conduct.
21.2.2 LIABILITY LIMITS. CONTRACTOR'S Liability Insurance as
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required by this Section 21.2 shall be written for not less than the following
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limits of liability:
1. Employer's Liability Insurance. Employer's Liability
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insurance (Betriebshaftpflichtversicherung) with a coverage of
not less than DEM1,500,000.
2. Comprehensive General and Automobile Liability Insurance.
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Contractor
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DEM7,500,000 each occurrence, combined single limit bodily
injury and property damage
DEM15,000,000 aggregate combined single limit bodily
injury and property damage
Subcontractors
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Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997